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Oct 19, 2012
10/12
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FBC
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london-based hsbc is the latest victim but this time there was no warning. this is the fourth bank this week, just this week to get hit and my next guest is going to show us how hackers are able to set it up. morgan wright is cyber terror analyst. welcome back to the show. >> thank you. melissa: before we set up the how-to, does that mean i won't want it anymore, hue effective if they warn us and maybe they saw the show and decided not to warn us? >> it is still effective marketing. you change your tactics and now the story is the change of tactics which is exactly what we're covering. >> that's a great point. the hackers are basically outsourcing now, is that what is going on? >> they, this group, which shall remain unnamed as we agreed last time, does not and never had the tech call capability to launch these attacks. what they now did you can outsource your attacks on web sites using tools provided by groups like a anonymous. melissa: that is amazing. how do they find each other? >> well it is on, very popular irc, internet real lay chat. one of the artic
london-based hsbc is the latest victim but this time there was no warning. this is the fourth bank this week, just this week to get hit and my next guest is going to show us how hackers are able to set it up. morgan wright is cyber terror analyst. welcome back to the show. >> thank you. melissa: before we set up the how-to, does that mean i won't want it anymore, hue effective if they warn us and maybe they saw the show and decided not to warn us? >> it is still effective marketing....
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291
Oct 17, 2012
10/12
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CNBC
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it's a strategy copied by hsbc, and hsbc's share prices have been outperforming citi. >> when do you think we'll actually find out what really happened? are we really any closer to finding out? >> i don't think we are. i guess it's water under the bridge now. now investors need to decide whether citi is more of a buy today than it was two days ago, and i think new ceo doesn't necessarily make it so. >> where does this leave the investment banking unit? >> well, i think i'd be a little bit vulnerable if i was in investment banking, much like if i was an investment banker at barclays. i don't think investment banking is in the new ceo's dna necessarily and i think there's a worldwide push to try and make banks like citi and like barclays more friendly, fuzzy, consumer-friendly, politically friendly and less master of the universe like. >> it certainly seemed as though the fed's decision was part of the reason why the board was pretty unhappy. in terms of strategic moves going forward is that one o'of the key ones? >> whether you pay a dividend or not doesn't change the valuation of a c
it's a strategy copied by hsbc, and hsbc's share prices have been outperforming citi. >> when do you think we'll actually find out what really happened? are we really any closer to finding out? >> i don't think we are. i guess it's water under the bridge now. now investors need to decide whether citi is more of a buy today than it was two days ago, and i think new ceo doesn't necessarily make it so. >> where does this leave the investment banking unit? >> well, i think...
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141
Oct 17, 2012
10/12
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CNBC
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hsbc raising its price targets today, specifically for the 2013 year. they're saying that we're going to see gold prices at $1,900 an ounce by the end of the year. that's a raise that they've seen there for the gold price. that's by the end of this year, rather. $1,900 by the end of this year. copper prices also breaking out after we got that positive data on housing starts. that certainly has helped that market. and we definitely saw an immediate reaction there. industrial commodities benefiting from that news about the u.s. economy. simon? back to you. >> thank you very much, sharon. >>> if you look to the headlines on the equity market today, they're relatively inauspicious until you notice the levels at which we're trading. 1,460 for example on the s&p. bob pisani has more on the markets. >> it is that creeping rally that we've been getting for days now. we closed at the highs yesterday, second day in a rose. euro is strong today. the your video on the verge of a breakout, multi-month highs here, dollar's usually on the downside of that. that helps.
hsbc raising its price targets today, specifically for the 2013 year. they're saying that we're going to see gold prices at $1,900 an ounce by the end of the year. that's a raise that they've seen there for the gold price. that's by the end of this year, rather. $1,900 by the end of this year. copper prices also breaking out after we got that positive data on housing starts. that certainly has helped that market. and we definitely saw an immediate reaction there. industrial commodities...
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Oct 23, 2012
10/12
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CNBC
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hsbc releasing it private survey of preliminary pmi data for the month of october. japan's nintendo reporting its second quarter earnings at 9:00 a.m. and we're also getting quarterly numbers from south korea's tech firms. lg and sk hynix reporting. now, apparently, oh, dear, being popular pays off. according to data from the wisconsin longitudinal study, students who are popular in high school earn more than their less liked counterparts decades even after graduation. researchers suggest that the children with more friends earn 2% more than their peers 35 years after leaving school. they didn't compare whether it was popular people with the brightest people, which would have been my question. but anyway, so is financial success a matter of popularity or is it studying hard or do you just want to leave the memory of high school far behind? let us know what you think. worldwide@cnbc.com or @cnbcwex. we'll take a short break. we'll find out who was most popular in in presidential debate. bob... oh, hey alex. just picking up some, brochures, posters copies of my accept
hsbc releasing it private survey of preliminary pmi data for the month of october. japan's nintendo reporting its second quarter earnings at 9:00 a.m. and we're also getting quarterly numbers from south korea's tech firms. lg and sk hynix reporting. now, apparently, oh, dear, being popular pays off. according to data from the wisconsin longitudinal study, students who are popular in high school earn more than their less liked counterparts decades even after graduation. researchers suggest that...
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Oct 19, 2012
10/12
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CNNW
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capital one, bb&t and hsbc banks reported cyber attacks that affected their websites. computer security experts say it doesn't look like any money or customer information was stolen but this is the fifth straight week of these attacks. >>> 37 minutes past the hour. striking beauty and a wicked sense of humor. i'm going to go one-on-one with vivica fox to talk about her new show "prank my mom." you won't believe how far this lady will go for a laugh. my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so young. i don't know what shape that is .. but it's not round.. so why would headphones be round? they should be shaped like this.. 'earshaped'. you know .. so they fit in your ears. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories.
capital one, bb&t and hsbc banks reported cyber attacks that affected their websites. computer security experts say it doesn't look like any money or customer information was stolen but this is the fifth straight week of these attacks. >>> 37 minutes past the hour. striking beauty and a wicked sense of humor. i'm going to go one-on-one with vivica fox to talk about her new show "prank my mom." you won't believe how far this lady will go for a laugh. my next of kin. at 33...
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Oct 1, 2012
10/12
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CNNW
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new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believe it. from body builder to movie star to governor of california, his new book is called "total recall." it's out today and it details his entire life, including the now infamous affair with his house keeper that led to the breakup of his marriage with maria shriver. schwarzenegger talked about that affair in an interview with "60 minutes." >> i think it was the stupidest thing i've done in the whole relationship. it was terrible. i inflicted tremendous pain on maria and unbelievable pain on the kids. >> margita thompson was a press secretary forren or old schwarzenegger during his first term as governor. nice to see
new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believe it....
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Oct 24, 2012
10/12
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CNN
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. >> new data from hsbc shows china's manufacturing sector hitting a three-month high. the report says demand for chinese-made goods is atsy six-month high also which signals there is some strength in the global economy. >> here's the bad news. do you feel like college is getting more expensive? you are absolutely right. the cost for public college hit a new high this year, this is according to the college board. the average overall cost without financial aid rose $3.8% to a new record $22,261. the college board says the cost of college has been rising faster than inflation in recent years and it's because states have been cutting financial aid, and at the same time more students are enrolling in those public colleges. >> if that's not enough, get ready to pay more for your thanksgiving flights this year, also. travelocity says airfare over thanksgiving is expected to be 9% higher than last year. that's according to a report in "usa today." if you're looking for a flight between november 17th and 27th you're likely to shell out $386 round trip for a domestic flight. exp
. >> new data from hsbc shows china's manufacturing sector hitting a three-month high. the report says demand for chinese-made goods is atsy six-month high also which signals there is some strength in the global economy. >> here's the bad news. do you feel like college is getting more expensive? you are absolutely right. the cost for public college hit a new high this year, this is according to the college board. the average overall cost without financial aid rose $3.8% to a new...
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Oct 16, 2012
10/12
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CSPAN
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hsbc got burned on money laundering. barclays messed up on libor. they say they did not know what was going on. well, these guys were in london and that's a long way from zurich. whatever the story, it takes back off of the table and it reduces this down to a much more reasonable level. the idea that you should be able to fail, that is what he is saying. it's incredibly unfair and unreasonable to not have a situation where the small guys are on their own and the big guys are protected getting the subsidy. they will just get bigger and the problem will become worse. >> i want to go back to the question of too big to fail because i think it's extremely important to understand why it's not a good idea to break up the big banks unless we get some real benefit for it. i still have not understood the benefit of this. the benefits, if i understand you correctly, is they will reduce the risk of getting themselves in trouble. we reduce their complexity, for example, but it is that enough of a reason to create the kind of disruption and the precedent that it
hsbc got burned on money laundering. barclays messed up on libor. they say they did not know what was going on. well, these guys were in london and that's a long way from zurich. whatever the story, it takes back off of the table and it reduces this down to a much more reasonable level. the idea that you should be able to fail, that is what he is saying. it's incredibly unfair and unreasonable to not have a situation where the small guys are on their own and the big guys are protected getting...
273
273
Oct 16, 2012
10/12
by
CNBC
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eye 273
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ing correct and hsbc's card portfolio. we think that there is a lot of up side to the stock. there's a lot of accounting related noise. and i think as the story is better understood, the stock should do well. it trades at eight times our forward number. and if you look at comparable bank, they trade at 10 to 12 times. and we think similar multiples are wasrranted. >> how does ebay fit in, is that pay pal? >> that's right. pay pal will become 50% of their business. that call has worked out pretty well. we think there's more room for ebay to agree and there's a thee theme of convergence and ebay epitomizes that story. >> sanjay, thanks very much for your time today. >> thank you. >>> and becky and i are l. hewi over to the chairs and the stories catching our attention. and then the firm manages more than a trillion dollars in asse assets. so what can the rest of us learn the from black rock. we'll ask the investment team. >>> tomorrow, rating tonight's debate. whether another strong performance from mitt romney give him the edge or will the president come out swinging? we'll co
ing correct and hsbc's card portfolio. we think that there is a lot of up side to the stock. there's a lot of accounting related noise. and i think as the story is better understood, the stock should do well. it trades at eight times our forward number. and if you look at comparable bank, they trade at 10 to 12 times. and we think similar multiples are wasrranted. >> how does ebay fit in, is that pay pal? >> that's right. pay pal will become 50% of their business. that call has...
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200
Oct 1, 2012
10/12
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CNBC
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eye 200
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hsbc china manufacturing purchasing manager index revealing a near year long decline in business activity and a fresh fall in export orders in september. mr. kernen, how was your weekend, sir? >> it was fine. thank you. i was very invested. i was invested in every swing. and i had some -- i was unsettled. i'm still a little unsettled. in corporate data, extending treatment with roche's is not worthwhile, but shortening the treatment also looks unlike will to benefit patients even more. the results limit the down side risk for roche's revenues at least. and a crucial vote today in boeing contract talks. a vote will show whether workers are willing to accept a less dependrous contract offer by boeing or move closer to a strike. the union is widely expected to vote down the current offer, but local officials and analysts consider a strike unlikely. and nokia is set to announce a new deal giving oracle customers access to nokia's map services. the agreement would be announced today at the oracle world conference. i've never known that maps would be so important in everybody's lives. such big
hsbc china manufacturing purchasing manager index revealing a near year long decline in business activity and a fresh fall in export orders in september. mr. kernen, how was your weekend, sir? >> it was fine. thank you. i was very invested. i was invested in every swing. and i had some -- i was unsettled. i'm still a little unsettled. in corporate data, extending treatment with roche's is not worthwhile, but shortening the treatment also looks unlike will to benefit patients even more....
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307
Oct 4, 2012
10/12
by
CNBC
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eye 307
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hsbc's the tenth largest bank. deutsche bank would be collectively the sixth largest bank. if you want to go down the list a little further -- now a parent does not mean if you have a problem in europe, the united states has a problem. but if there's a problem in europe, the parent might be less risky or not wants to tag loans. so it's critically important for europe, to the banking system for starter. >> and i totally agree. i think when we frame this issue, we need to frame it on the context that there's a lot more at stake with regard to capital and how capital investment. so what you're really talking about is the parents trickle balance sheet issue. if the parents are tightening their belt, it's hard to thing they're working in a robust fashion. we're in agreement there. >> sure. >> slet's take it a bit farther. it's ongoing. spain hasn't even asked for bailout, so every day these reforms, the metric change. >> that's true. they do charge and it's been very difficult to try and get ahold of it but that's been the cycle we've seen in europe. when things get bad, everybo
hsbc's the tenth largest bank. deutsche bank would be collectively the sixth largest bank. if you want to go down the list a little further -- now a parent does not mean if you have a problem in europe, the united states has a problem. but if there's a problem in europe, the parent might be less risky or not wants to tag loans. so it's critically important for europe, to the banking system for starter. >> and i totally agree. i think when we frame this issue, we need to frame it on the...